JPMorgan Asset Management is now the world’s largest hedge fund managers, according to Alpha Magazine’s 2007 list of “The Hedge Fund 100.”
Two hedge fund managers have joined forces with scientists to launch a $1 million prize for cancer research.
Defunct hedge fund Wood River Partners LP is suing its prime broker, UBS, for $200 million.
Hedge fund returns were up in April but fell short of several leading major indicators.
Merrill Lynch & Co. Inc. is purchasing a 20% minority stake in a hedge fund with $8 billion in assets under management.
An affiliate of Edward Lampert's ESL Investments Inc. hedge fund now owns 15.24 million shares of Citigroup Inc.
The first hedge fund to go public today posted a 52% drop in first-quarter net income.
The Federal Reserve chief today warned against creating "ad hoc" securities regulations—especially for derivatives or hedge funds.
The Senate Finance Committee's top Republican today introduced legislation requiring hedge fund advisers to register with the SEC.
Despite the continued – if slowing – growth of hedge funds, mutual funds will continue to dominate money management for the foreseeable future, said market observers at the ICI annual conference today.
Toppled hedge fund Amaranth Advisors LLC, has been censured by the Securities and Exchange Commission and has agreed to pay $716,000 to settle charges of violating securities rules, the SEC said.
Fortress Investment Group LLC has announced that it will buy Florida East Coast Industries Inc. in a deal valuing the Jacksonville, Fla.-based real estate developer at $3.5 billion.
The National Futures Association has permanently barred former associated person Adam Leon from NFA membership.
Despite a solid showing in April, hedge funds still fell well short of the returns of the domestic equity markets, according to the latest data from Greenwich Alternative Investments LLC in Greenwich, Conn.
College enrollment nationwide is expected to rise, and universities are struggling with the increased enrollment, with on-campus housing capacity falling to 24.8% of undergraduates in 2004.
UBS AG will close its two-year-old Dillon Read Capital Management hedge fund unit, the bank said today according to published reports.
The hedge fund industry grew by a healthy 26% in 2006, despite energy market volatility and several hedge fund blowups, according to Hennessee Group LLC’s 2006 Hedge Fund manager survey.
Japan's Financial Services Agency said today that it will begin monitoring hedge funds that operate in Japan, according to published reports.
The number of federal securities litigation class actions hit a record low of 106 cases last year compared to 169 in 2005, although settlement values remained high, according to a PricewaterhouseCoopers study released today.
The money made last year by top hedge fund managers is putting traditional Wall Street pay packages to shame, according to a report in Alpha magazine.
